Chinese President Xi Jinping set off a frenzy of stock buying when he called for faster development of blockchain technology. Photo: Shutterstock
Bubble or smart bet? Blockchain-stock frenzy in China spotlights hype and hope for investors in new technology
- Profitable application of promising technology is years away, analysts say
- Xi Jinping’s call for rapid blockchain development creates quick boom and bust for linked stocks
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Blockchain
Chinese President Xi Jinping set off a frenzy of stock buying when he called for faster development of blockchain technology. Photo: Shutterstock